Entrust Datacard Makes Investment in CensorNet, Buys SMS Passcode
The company will integrate the acquired technology with its IntelliTrust SaaS authentication tool, a solution that removes friction for users and provides strong protection for data, apps and networks.
SHAKOPEE, Minn. — Entrust Datacard, a provider of identity and secure transaction technology solutions, has made a strategic investment in CensorNet, United Kingdom-based Cloud security company. It also acquired Copenhagen-based SMS Passcode, CensorNet’s adaptive multifactor authentication technology solution.
Terms of both the investment and the acquisition were not undisclosed.
CensorNet’s USS platform, which includes a Cloud access security broker (CASB), multifactor authentication, and web and email security, will bolster new offerings for Entrust Datacard across authentication, PKI and SSL, according to an announcement.
Additionally, the collaboration is said to enhance the company’s intelligent Authentication Insight Engine by accelerating its behavior and pattern capabilities for more real-time, intelligent decision-making, improving security and the user experience for the next generation of threats and compliance needs.
“Identity-centric data analysis is in CensorNet’s DNA, and identity assurance capabilities in ours,” states Todd Wilkinson, president and CEO, Entrust Datacard. “This new relationship and investment in CensorNet presents opportunities for collaboration to enhance both companies’ offerings and re-shape the market together.”
To facilitate greater collaboration between the companies, Wilkinson will join CensorNet’s board of directors and the SMS Passcode team will integrate with the larger Entrust Datacard authentication team.
The SMS Passcode acquisition is said to allow the company to better serve customers by integrating the solution’s technology with its IntelliTrust SaaS authentication solution. It will also expand USS capabilities to Entrust Datacard customers while adding advanced mobile and Cloud capabilities to SMS Passcode customers.
“CensorNet and Entrust Datacard have a shared vision for real-time identity centric security that can be achieved faster and with greater impact together rather than separately,” says CensorNet CEO Ed Macnair. “The acquisition of SMS Passcode will benefit the broader IAM market as well as SMS Passcode customers, and this new relationship will continue serving customers as Entrust Datacard builds upon existing partnerships and enhances our USS offering.”
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